Substantive Consolidation of the interests of the Company itself and its OPMI stockholders is a relatively rare special case. (mjwhitman.pressbooks.com)
Since substantive consolidation is a myth, corporations are unlikely to undertake an NPV analysis using as a standard ideas of what shareholders could earn, risk adjusted, on funds distributed to them rather than retained by the firm. (mjwhitman.pressbooks.com)
He advises financial institutions and other businesses with respect to bankruptcy and creditors» rights matters, including loan workouts and restructurings, tax matters, bond defaults, and issues legal opinions on substantive consolidation and true sale and other bankruptcy related issues. (akerman.com)